Fiscal Policy Worksheet - Fiscal Policy Worksheet#2 As you...

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Fiscal Policy Worksheet #2 As you read each situation, answer the following questions: Is the problem Inflation, Unemployment (type), Recession, Stagnant Economy or no Problem? Which type of fiscal policy should the government use? Expansionary Contractionary Neitherw Government Action Which specific policy (is) should be used to address the problem? Increase taxes increase govt. spending Decrease taxes decrease govt. spending Job training programs job information listings Job training no change in government policy A general decline for consumer goods around the country has caused many companies to lay Off workers. Recession, Expansionary. The specific policies to use would be decreasing taxes and increasing go spending. The Department of Labor reported last week that the number of workers out of work last month Was 2.5%. Structural Unemployment, – Contractionary increase taxes and decreasing gov. spending Prices for new homes and cars have gone up by over 9% since last summer.
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